Malaysia will return as Asian tiger in three years

Tthe usual leasing strategy applied successfully with medium-cost residences does not work so well with higher-end properties because the monthly rentals can be rather prohibitive.

KUALA LUMPUR: Malaysia will return to its Asian tiger status in three years, says Finance Minister Lim Guan Eng.

He said the 48 per cent jump in foreign direct investments to RM80.5 billion in 2018, compared with RM54.4 billion in 2017, reflected investor confidence in Malaysia’s economic health.

Lim said Chinese and Japanese investments into Malaysia had increased substantially and he hoped local investors would follow suit.

“2018’s figures have been positive despite certain predictions and I think Malaysia’s economy is progressing well. We have exceeded consensus estimation even for the previous month.

“The Industrial Production Index at 3.2 per cent in January was higher than the estimate compiled by Bloomberg at 2.3 per cent,” he said in his keynote address at the Invest Malaysia 2019 capital market forum here today. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Lim Guan Eng , FDI


Next In Business News

Trump’s tariffs Led to billions of losses, Fed research shows
World Bank lowers Malaysia GDP growth due to pandemic
Resorts World Las Vegas a US$4.3b bet on city’s comeback
Fed throws China a curveball just when it seeks stability
Ringgit rises on stronger crude prices, sovereign ratings reaffirmation
Bitcoin bounces back after tumbling below US$30, 000 threshold
Quick take: Mulpha International rises 8.4% on disposal news
Pekat in focus, KLCI slips
Quick take: TCS falls 7% despite RM555mil contract award
Sizzling start for Pekat Group as it surges to high of 93 sen

Stories You'll Enjoy